Category: cryptocurrencies

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Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol Says

January 24, 2023

European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities. Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dismantled High-ranking executives of the recently busted Bitzlato…
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When meme? Top crypto memes and their meaning

January 24, 2023

Memes have become an important, if somewhat humorous, part of the cryptocurrency community. The crypto market is highly volatile, and the prices of cryptocurrencies can fluctuate dramatically in a short period. Memes offer a way for people to express their emotions and cope with the ups and downs of the market in a lighthearted, humorous…
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Binance Banking Partner to Ban Crypto Trading Transfers Under $100K

January 22, 2023

Clients of one of the banks facilitating fiat operations with Binance will not be able to trade crypto through SWIFT transfers of less than $100,000. The transaction minimum, aimed at reducing exposure to digital assets, will be introduced by the financial institution in February. Bank Working With Binance Sets $100,000 Transaction Minimum for Crypto Traders…
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All Eyes on the Next Fed Meeting: Market Trajectories Hinge on Decision

January 22, 2023

Equities, precious metals, and cryptocurrencies have been on a tear during the last three weeks of 2023, and all eyes are now focused on the next Federal Open Market Committee (FOMC) meeting, which is 11 days away. On Friday, Federal Reserve governor Christopher Waller said that he favors a quarter-point benchmark rate increase at the…
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Switzerland Less Affected by Crypto Industry Crisis, Study Finds

January 21, 2023

While the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, more crypto companies settled in the country during the past turbulent year than those that left it, or the business altogether. Crypto Valley…
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DeFi should complement TradFi, not attack it: Finance Redefined

January 21, 2023

Top 100 DeFi tokens continued their bullish momentum into third week of January with majority of the tokens trading in green on weekly charts. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi…
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Bitcoin price rally provides much needed relief for BTC miners

January 21, 2023

Bitcoin’s prolonged breakout above $22,000 is easing pressure on razor thin profit margins for BTC miners. Bitcoin mining powers network transactions and BTC price. During the 2021 bull run, some mining operations raised funds against their Bitcoin ASICs and BTC reserves. Miners also preordered ASICs at a hefty premium and some raised funds by conducting…
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Bybit CEO offers clarity on exposure to Genesis, but community demands more

January 20, 2023

The community questioned Bybit’s timing in revealing their exposure now and many demanded proof to back up the reassurance from the CEO. Genesis Global, a prominent crypto lender, filed for Chapter 11 bankruptcy protection in New York on Jan. 20, becoming the latest company to declare bankruptcy in the wake of FTX’s collapse. However, the…
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Binance to Increase Presence in Poland in Compliance With Local Regulations

January 20, 2023

Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch educational initiatives. Crypto Exchange Binance Moves Forward With Plans to Expand Operations in Poland Binance, the world’s largest digital…
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FTX-linked Moonstone bank to exit the crypto space

January 19, 2023

Following the collapse of FTX, the company has decided to rebrand and exit the crypto space. Moonstone Bank, a rural Washington state bank that received an estimated $11.5 million investment from FTX’s sister company, Alameda Research, says that it will be exiting the crypto space and returning to its “original mission” as a community bank. …
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